Cemtrex Inc (CETX)

[stockmasterflash]

The last fraudulent company Pearson investigated

Pearson wrote the article on Jan 15, 2016

https://seekingalpha.com/article/3812496-osiris-aggressive-channel-stuffing-accounting-irregularities-outright-fraud

then 5 months later

https://seekingalpha.com/article/4054475-criminal-investigation-osiris-finally-delisted

On May 24th, 2016 (just 126 days after the glowing press release), Osiris finally announced that it was the subject of a criminal investigation by the US Attorney's Office. The criminal investigation was regarding Osiris' accounting practices, which again was exactly the focus of my article.

However some of Pearson's other targets don't fare as well

With Osiris, it took around 4 months for the Feds to launch their criminal investigation. To some people, that might seem pretty fast.

But with Forcefield Energy (NASDAQ:FNRG), it only took a few days for the Chairman to be arrested and the stock to be halted and then delisted. Now that was really fast.

As with Osiris, my article on Forcefield was one of the extremely rare instances where I felt comfortable using the explicit word "fraud" in my article.

My article was published on April 15th.

The company put out its aggressive response, denials and threats of legal action against me on April 17th (just two days later).

And on April 20th (just 5 days after my article), the Justice Department announced that it had arrested Chairman Richard St. Julien as he was about to board a plane in an attempt to flee to Central America. On that same day, Forcefield stock was halted and then eventually delisted.

It was subsequently disclosed by the Justice Department that 9 individuals were indicted on sweeping fraud charges totaling $130 million.

Sadly, the depth and extent of the fraud at Forcefield are pretty much identical with what we see at other stock promotions and frauds.